Tuesday, November 5, 2019

The market is very overbought but its still a bull market

The US stock market Indexes are making new highs. Dennis Gartman thinks the markets are overbought but they could still yet go higher.

The economic data, specially the employment numbers on Friday was clearly very good. All things being equal, the Fed is clearly not going to tighten monetary policy anytime soon. As long as that policy continues and the economy continues to do well, the bull market remains in place. It surprises me, it actually shocks me, but  nonetheless it is the reality and every-time you try to sell it short, you find yourself scrambling to rush to cover. 

via Bloomberg Daybreak